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Founders Fund

Grabango Secures $12 Million in Series A Financing

Unveils the Only Enterprise Class, Checkout-Free Technology for Existing Stores Silicon Valley startup Grabango announced that it has raised $12 million in an oversubscribed Series A financing round. Propel Venture Partners led the investment with participation from Ridge Ventures, Abstract Ventures, Commerce Ventures, and Founders Fund. Ryan Gilbert, a General Partner at Propel, will join Grabango’s Board of Directors. This round brings Grabango’s total funding to $18 million. The company will use the funds to grow its…